Empowered Funds LLC Makes New $6.09 Million Investment in First Financial Corporation Indiana $THFF

Empowered Funds LLC bought a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 139,215 shares of the bank's stock, valued at approximately $6,091,000. Empowered Funds LLC owned approximately 1.17% of First Financial Corporation Indiana as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of THFF. EverSource Wealth Advisors LLC increased its stake in shares of First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock valued at $32,000 after purchasing an additional 468 shares in the last quarter. Allworth Financial LP acquired a new stake in First Financial Corporation Indiana in the second quarter valued at approximately $34,000. Quantbot Technologies LP purchased a new stake in shares of First Financial Corporation Indiana in the second quarter valued at approximately $47,000. Smartleaf Asset Management LLC increased its position in shares of First Financial Corporation Indiana by 135.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank's stock valued at $85,000 after buying an additional 804 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of First Financial Corporation Indiana during the 3rd quarter worth approximately $89,000. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Brean Capital cut shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price target on the stock. in a research note on Friday, August 7th. Keefe, Bruyette & Woods upped their price objective on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Raymond James Financial began coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a "market perform" rating on the stock. Finally, Weiss Ratings restated a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $88.00.

First Financial Corporation Indiana Price Performance

First Financial Corporation Indiana stock opened at $79.24 on Monday. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $84.17. The firm has a market capitalization of $942.16 million, a price-to-earnings ratio of 11.10 and a beta of 0.42. The company has a fifty day simple moving average of $78.46 and a 200-day simple moving average of $70.65. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.12. The firm had revenue of $71.87 million for the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. On average, equities analysts anticipate that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.56 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a yield of 2.8%. First Financial Corporation Indiana's dividend payout ratio is presently 31.37%.

First Financial Corporation Indiana Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company's service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.

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